Monthly Archives: February 2017

Another large diamond dug from Lulo mine in Angola… 227-carat white rough

Weighing 227 carats, latest gemstone from Lucapa’s Angolan diamond mine is its second largest to date

lucapa_227-carat-diamond image www.worldwidediamonds.info

Big, valuable gemstones that may eventually get cut into smaller diamonds keep getting discovered in Angola.

Today Lucapa Diamond Company Ltd. (ASX:LOM) said it has uncovered yet another epic rock from its Lulo mine, the second largest to be pulled from deep inside the earth at Lulo.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous.The stone weighing 227 carats, discovered by Lucapa and its partners, Empresa Nacional de Diamantes EP, and Rosas & Petales, is a Type IIa D-Colour gem. It’s the same type of diamond that Lucapa recovered in September, in that case weighing 172.6 carats. The largest diamond to come out of the mine was a 404.2-carat monster that Lucapa unveiled a year ago, and which Lucapa later sold for AUD$22.5 million. The huge rock bested Angola’s previous record for its largest diamond, the Angolan Star, a 217.4-carat gem recovered in 2007.

According to Lucapa, the 227-carat stone was found in a new mining block, indicating that the entire 50-kilometre length of the Cacuilo River is diamondiferous. The alluvial diamond area is among Lucapa’s 3,000 square kilometre Lulo concession, and has so far only been about 20% explored by Lucapa and its partners. The gem was discovered using a new XRT large-diamond recovery circuit recently installed at Lulo.

So far Lucapa has unearthed seven diamonds over 100 carats from the Lulo diamond project. Located 150km from Alrosa’s Catoca mine, the world’s fourth largest diamond mine, Lulo hosts Type IIa diamonds which account for less than 1% of global supply.

Angola is the world’s No.4 diamond producer by value and No.6 by volume. Its industry, which began a century ago under Portuguese colonial rule, is successfully emerging from a long period of difficulty as a result of a civil war that ended in 2002.

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Mountain Province just found this massive diamond at Gahcho Kué in Canada

This 67.87-carat gem quality octahedron diamond is the largest of its kind recovered to date at the mine. (Image courtesy of Mountain Province Diamonds)

mountain-province-just-found-massive-diamond-at-gahcho-kue-67.87-carat gem quality octahedron diamond, image www.worldwidediamonds.info

Mountain Province Diamonds (TSX:MPV), which holds a 49% stake in Gahcho Kué, one of Canada’s newest diamond mine and the world’s largest of its kind in the last 13 years, has just found a massive gem at the operation.

The 67.87-carat gem quality octahedron diamond is the largest of its kind recovered to date at the mine.The company said the 67.87-carat gem quality octahedron rock, unearthed during production ramp-up, is the largest gem quality diamond recovered to date at Gahcho Kué, which is one of the world’s 10 biggest diamond mines.

The company’s President and CEO, Patrick Evans, said production ramp-up at the remote mine, which is also the world’s highest grade new diamond operation, is progressing well despite some recent disruptions caused by extremely cold conditions during December that impacted the mine’s conveyor systems. He added that Gahcho Kué was on track to achieve commercial production on schedule during the current quarter.

Situated almost 300 kilometres east of Yellowknife, in Canada’s Northwest Territories, the mine opened up in September last year and has so far provided a $341 million (Cdn$440 million) boost to the territories’ economy. It has also contributed a further $272 million (Cdn$350 million) to the rest of Canada, according to DeBeers, which holds a 51% stake in the mine.

Mountain Province also announced that its second diamonds sale of the year will take place in Antwerp, Belgium, from February 20 to March 1.

First blast at Gahcho Kué diamond mine image www.worldwidediamonds.info
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